I think the most important improvement is to get Zerocare out.
No, economy will be a lot better than 2%. I think last quarter was over 3%. First quarter still Obama’s. Yes, Jawboning is incredibly powerful.
Keynes said “animal spirits” drive everything economic. George Gilder said the same thing in “Wealth & Poverty.” ALL economics is driven by fear/security or hope/greed. We have moved from the former to the latter. You can see this isn the weak consumer #s, which are a great indicator of moving toward hope. One theory is that people buy stuff if they think they won’t have money in the future to get it. “Eat, drink, & be merry.” If there confidence in the future, it triggers saving and investment. We have definitely moved into an investment economy with all the incredible new expansions and business startups, combined with rapidly rising employment.
Even very slight marginal tweaks to health care bill can remove billions of dollars in taxes that will spark businesses to be more profitable. In the House version, just the taxes saved alone make it a decent bill.
I see a fundamental economic reorganization taking place under Trump-—so far, even without any legislation. Because it’s all about signals: what will the IRS/Pres/reg agencies do? And he’s sending all the right signals.
Precisely, and President Trump and Congress are working on doing this the only practical way it can be done—incrementally.
It's simply ludicrous to characterize the President's actions on health care—not to mention those of the House Freedom Caucus—as some kind of "betrayal", and yet that's exactly what some ideologues insist has happened, as they indulge their compulsion to gratuitously criticize that which is not perfect.
We all would have preferred a straight repeal, but the House did as much as it reasonably could as a first step. Now we'll see what the Senate comes up with.
I guess the House Freedom Caucus was being "heroic" only as long as they didn't support the House bill; as soon as they did vote "Yes", they suddenly had "betrayed" us—just like President Trump, ostensibly.
Such hysterical absolutism is quite counterproductive. It's fine to disagree with the President on an issue, but it's disingenuous to say that he and the Freedom Caucus "betrayed" us by passing the House bill. Such Trump-bashing is based on extremely shallow reasoning...
“I see a fundamental economic reorganization taking place under Trump-—so far, even without any legislation. Because it’s all about signals: what will the IRS/Pres/reg agencies do? And he’s sending all the right signals.”
Also, I think any draining of the swamp, or signals thereof, will cause hundreds of millions of $ of influence peddling money to return to the real economy.
When lobbyists face the reality that HRC didn’t win - and is therefore not sitting in the White House signing mountains of bills intended to rigg the economy in their favor - I would think they might have to consider redirecting all that money now spent purchasing politicians back into the real economy and try to make an honest buck for a change.
Can we hope that there might be a sort of “swamp draining dividend”?